After an announcement about lawsuit from SEC XRP has fallen to 0.45 sats, next day we got news that a lawsuit from SEC was initiated and XRP lost even more and fallen to 0.40 sats. I think now we need a little retracement from this huge price capitulation. I think a realistic aim is 0.5 or even 0.65 in a very positive scenario, but then a downtrend will continue to next serious level.
Dispite a fact that I lost a little bit in xrp in a last trade I think it's good and healthy for entire crypto industry to remove this centralized security from a market. I hope it's capitalization will go to better coins wich deserve it - ETH, or small ones like Zilliqa.
The fact that it's possible to initiate a lawsuite against XRP means that it's completely centralized. It's not the same as BTC or ETH or other real coins.
Dispite a fact that I lost a little bit in xrp in a last trade I think it's good and healthy for entire crypto industry to remove this centralized security from a market. I hope it's capitalization will go to better coins wich deserve it - ETH, or small ones like Zilliqa.
The fact that it's possible to initiate a lawsuite against XRP means that it's completely centralized. It's not the same as BTC or ETH or other real coins.
Comment:
Coinbase is going to stop XRP trading, not very good news for this coin. I'm afraid it will go very low, lower than 21c.